7 Brew (15-Yr Ground Lease)

7 Brew (15-Yr Ground Lease)

Brownsville, TX

Brownsville, TX

7 Brew (15-Yr Ground Lease)

Marcus & Millichap is pleased to present the opportunity to acquire a 7 Brew ground lease in Brownsville, Texas. The property consists of a 600-square-foot, freestanding building that sits on approximately 0.76 acres of land. The tenant signed a new 15-year lease, with 10 percent rental escalations scheduled every five years in the primary term.

Price $1,182,000
Cap Rate 6.35%
Building Size 600 sqft
Lot Size 0.76 acres
Year Built 2022
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • New 15-Year Ground Lease with 10% Rental Escalations Every Five Years in the Primary Term
  • More than 192,418 Residents Within a Five-Mile Radius
  • Excellent Traffic Exposure on Paredes Line Road (30,056 VPD)
  • 7 Brew has Grown to a 217+ Store Footprint with Plans to Reach 3,000
  • New Construction Includes Double Drive-Thrus with Canopies

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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